Business Description
Alan has been in the financial services industry since 1989. The work he performs for his clients include: * Traditional and Roth IRA strategies * 401(k) rollovers * Fee based brokerage accounts * All types of banking products * Life insurance analysis and sales * Estate planning All investors each have their own unique financial situations, and Alan will develop a plan specifically tailor-made for you. He markets no individual strategy or product, just appropriate solutions to your problems. Alan invites you to schedule a no obligation meeting with him to see how you can get the winning edge!
General Information Gender:    Male CRD#:    4342584 States Licensed in:    SC Years of Experience in Financial Services:    20 Number of Years with Current Firm:    20 I work with the following types of clients:    Non-Profit Organizations, Individual Investors, Businesses
Services Investment Types:    Exchange Traded Funds (ETFs), Insurance, Bonds, Stocks, Annuities, Options & Futures, Mutual Funds, Socially Responsible Investments (SRI)
Qualifications & Memberships Certifications, Accreditations & Designations:    Certified Annuity Specialist (CAS), Certified Fund Specialist (CFS), Board Certified in Mutual Funds (BCM) Securities Licenses:    Series 6, Series 63, Series 65 Insurance and Annuity Licenses:    Variable Life, Disability, Variable Annuity, Long Term Care, Life, Health, Annuity, Accident Financial Organization Memberships:    AAII
Firm Information Number of Advisors in Office:    Up to 10 employees
Compliance Registered Representative:    Yes Investment Advisor Representative:    Yes I am an acknowledged fiduciary:    Yes Compliance Disclosures in Last 5 years:    I have a clean record Criminal Disclosures in Last 5 years:    I have a clean record
Compensation & Fees I am a fee-based financial professional:    Yes Minimum Portfolio Size for New Managed Accounts:    $50,000 Compensation Methods:    Hourly, Flat Fee, Commissions, Based on Assets
Prepared By:	Alan C. Luchay

Frequently Asked Questions

Q.	Do you have a customer satisfaction or refund policy?

Q.	What are your qualifications? What is your education background?

Q.	What is your approach to financial planning?

Q.	What services do you offer?

Q.	How many clients do you currently manage?

Q.	Will you be the only person working with me?

Q.	How are you compensated? How will I pay for your services?

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?

Q.	Do you offer any guaranteed results?

Q.	How much risk should I be willing to take?

Q.	Have you ever been charged with any breaches?

Q.	What carrier(s) do you represent?

Q.	Are there any pre-existing conditions that you can not cover?

Q.	How long does it take to complete the application and approval process?

Q.	Is there a maximum age that you can insure?

Q.	What services do you provide? What are your specialties?

Q.	What is your experience? How many clients do you currently manage?

Q.	What financial institution(s) do you represent?

Q.	How do you charge for your services?

Q.	Do you provide a free initial consultation?

Q.	Why should I choose you as my financial advisor?

Q.	What are your management fees?

Q.	What kind of plans do you specialize in?

Q.	Do you have a minimum requirement for number of employees or total investment value?

Q.	What type of plans do you offer?

Q.	Do you offer any additional services?

Q.	What are your qualifications?

Q.	What is your approach to Education Planning?

Q.	How long does the process of setting up an Education Plan usually take?

Q.	What financial institutions do you represent?

Q.	How many years of experience do you have?

Q.	What are your fees for this service?

Q.	How many Education Planning clients do you currently manage?

Q.	Why should I work with you on setting up an Education Plan?

Q.	Do you provide a free initial consultation?

Q.	What are your qualifications?

Q.	What is your approach to 401 K plan rollovers?

Q.	How long does the process of rolling over a 401K plan usually take?

Q.	What financial institutions do you represent?

Q.	How many years of experience do you have?

Q.	What are your fees for this service?

Q.	How many 401K rollover clients do you currently manage?

Q.	Why should I roll over my 401K plan to your firm?

Q.	Do you provide a free initial consultation?

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Q.	Do you have a customer satisfaction or refund policy?
The best way a financial advisor can have customer satisfaction is to carry out what's in the best interest of the client. This is what I do and is the best any advisor can possibly give. The only refund of any type that can be honored is an insurance company return of money within 10 - 30 days of issue of a contract. Anyone that tells you anything different is not being truthful with you.

Q.	What are your qualifications? What is your education background?
I have been in the financial services industry since 1989. I am a Registered Investment Advisor Representative, Registered Representative, General Agent, and Banking Advisor. I have a bachelor's degree in Engineering Technologies and am currently attaining a Masters of Science in Financial Services. I am hoping to complete it within about a year.

Q.	What is your approach to financial planning?
Pure and simple, do what's in THE CLIENT'S BEST INTEREST. There is no cookie cut solutions to the consumer's financial problems, and everyone has a unique situation. Regular checkups should be performed at least on an annual basis.

Q.	What services do you offer?
A no cost obligation initial consultation to give free advice for you first understanding what you've got, then showing you where you can go should I be able to work with you. There are times when after evaluation the best thing to do is stay right where you are at or make minor changes. At other times a complete overhaul may be in order. I like to think I'm really a teacher at heart!

Q.	How many clients do you currently manage?
All in all, I manage over 415 clients in various financial instruments. I place no restrictions on age, race, sex, or ethnic beliefs in my business.

Q.	Will you be the only person working with me?
Absolutely. All information shared with myself will be held in strict cofidence. There will obviously be times when I work with people outside of the Charleston area for you (Broker - dealer, underwriter, CRS's, etc.), but rest assured you deal directly with me on a local basis.

Q.	How are you compensated? How will I pay for your services?
Even though I can charge an hourly rate for my services, I choose not to. I will either be compensated by asset based, fee based, or by commission. As with most investments, I get paid out of the management fees you already pay for. An example of this would be mutual fund fees sutracted from your returns. Many consumers are not aware of this.

Q.	If you are going to manage my account, will you obtain my permission every time you buy or sell something?
It all depends how much confidence you place with me. Many people are too busy with families, their jobs, home life, etc. and don't want to be involved every time a trade is to be made. I do have a few clients that still prefer to get their OK before I go forward with trades. Either way is dependent on your comfort level and you call the shots.

Q.	Do you offer any guaranteed results?
Certain insurance contracts and banking products would fit this description. Naturally, investing in the equities and debt markets (stocks, bonds and mutual funds) carry no such guarantees. Even with the recent economic turmoil there are still many fine results that I can guarantee consumers.

Q.	How much risk should I be willing to take?
This is all tailored to your personal investment needs and goals. Your age, existing portfolio, and market tolerance (just to name a few) would be a consideration you need to look into to arrive at that conclusion. Everyone has a different scenario.

Q.	Have you ever been charged with any breaches?
I am proud to say never once.

Q.	What carrier(s) do you represent?
Too many to list right here. Many companies have their own niche and are good at one policy, but not so great at another. My job is to help you weed through all the different "clutter" in the insurance market today and place you with the right carrier.

Q.	Are there any pre-existing conditions that you can not cover?
For extreme conditions you might have a 2 or 3 year graduated life insurance coverage for natural death. All accidental death is covered day 1. These policies are for the more hard to place standard cases. You can get coverage!

Q.	How long does it take to complete the application and approval process?
This all depends on how soon you take an exam (if applicable), if the underwriter wants medical records, and how busy the flow of business is of the company. A good average would be about 2 weeks or so.

Q.	Is there a maximum age that you can insure?
Typically this age is between 75 - 80 with most insurance companies.

Q.	What services do you provide? What are your specialties?
A no cost obligation initial consultation to give free advice for you first understanding what you've got, then showing you where you can go should I be able to work with you. There are times when after evaluation the best thing to do is stay right where you are at or make minor changes. At other times a complete overhaul may be in order. I like to think I'm really a teacher at heart!

Q.	What is your experience? How many clients do you currently manage?
I have been in the financial services industry since 1989. I am a Registered Investment Advisor Representative, Registered Representative, General Agent, and Banking Advisor. I have a bachelor's degree in Engineering Technologies and am currently attaining a Masters of Science in Financial Services. I am hoping to complete it within about a year.

Q.	What financial institution(s) do you represent?
I represent 1 broker dealer (all stocks, bonds, and mutual fund families), 28 different insurance companies (life, annuities, disability, etc.), and 1 online bank (all kinds of banking products).

Q.	How do you charge for your services?
Even though I can charge an hourly rate for my services, I choose not to. I will either be compensated by asset based, fee based, or by commission. As with most investments, I get paid out of the management fees you already pay for. An example of this would be mutual fund fees sutracted from your returns. Many consumers are not aware of this.

Q.	Do you provide a free initial consultation?
I wouldn't have it any other way. I'm coming in talking to you with actually zero credibility and need to gain your confidence. You will recieve my honest (and sometimes brutal) professional asessment and will get a feel for me to see if we can work together in the future. This costs you nothing but your time.

Q.	Why should I choose you as my financial advisor?
Because I will act in YOUR best interest at all times. I will ensure you understand basics of your financial situation through education. You then are in position to make an educated decision with my guidance. I doesn't get more honest than that.

Q.	What are your management fees?
This is all dependent on the number of participants and dollar amounts involved. A range is typically .50% - 1.00% annually.

Q.	What kind of plans do you specialize in?
Traditional and Roth 401(k) that focus on risk - adjusted returns, which is more commonly known as Modern Portfolio Theory.

Q.	Do you have a minimum requirement for number of employees or total investment value?
The plans I market have only a 1 person requirement.

Q.	What type of plans do you offer?
Traditional and Roth 401(k), SEP IRA, SIMPLE IRA, and traditional and Roth IRA's.

Q.	Do you offer any additional services?
Anything that can be included as an individual investment or life insurance can be looked at if desired.

Q.	What are your qualifications?
I have been in the financial services industry since 1989. I am a Registered Investment Advisor Representative, Registered Representative, General Agent, and Banking Advisor. I have a bachelor's degree in Engineering Technologies and am currently attaining a Masters of Science in Financial Services. I am hoping to complete it within about a year.

Q.	What is your approach to Education Planning?
As with retirement planning, I prefer tax free money for college education as well. As long as the child is still young, the usually can be best accomplished through low cost mutual funds. Constant check ups should be done to ensure investment objectives are being met. As the time gets near for distribution, the account should be at less risk and mostly in cash.

Q.	How long does the process of setting up an Education Plan usually take?
Typically around 30 minutes, depending on your situation. This would include all details related to type of plan, investment allocations, and of course paperwork.

Q.	What financial institutions do you represent?
I represent 1 broker dealer (all stocks, bonds, and mutual fund families), 28 different insurance companies (life, annuities, disability, etc.), and 1 online bank (all kinds of banking products).

Q.	How many years of experience do you have?
I have over 20 years of experience serving customers not only in the Charleston area, but all over the country.

Q.	What are your fees for this service?
Even though I can charge an hourly rate for my services, I choose not to. I will either be compensated by asset based, fee based, or by commission. As with most investments, I get paid out of the management fees you already pay for. An example of this would be mutual fund fees sutracted from your returns. Many consumers are not aware of this.

Q.	How many Education Planning clients do you currently manage?
I manage about 150 college planning accounts. These would mostly include Coverdell IRA's (education savings accounts) and 529 plans.

Q.	Why should I work with you on setting up an Education Plan?
Just get in touch with me via email or phone, and we can set up a no obligation appointment to see if I can be of further help.

Q.	Do you provide a free initial consultation?
I wouldn't have it any other way. I'm coming in talking to you with actually zero credibility and need to gain your confidence. You will recieve my honest (and sometimes brutal) professional asessment and will get a feel for me to see if we can work together in the future. This costs you nothing but your time.

Q.	What are your qualifications?
I have been in the financial services industry since 1989. I am a Registered Investment Advisor Representative, Registered Representative, General Agent, and Banking Advisor. I have a bachelor's degree in Engineering Technologies and am currently attaining a Masters of Science in Financial Services. I am hoping to complete it within about a year.

Q.	What is your approach to 401 K plan rollovers?
To usually rollover to a self directed IRA (commonly known as a traditional IRA). This affords you literally thousands of investment choices, and gives you more control over your money.

Q.	How long does the process of rolling over a 401K plan usually take?
Typically around 30 minutes, depending on your situation. This would include all details related to type of plan, investment allocations, and of course paperwork.

Q.	What financial institutions do you represent?
I represent 1 broker dealer (all stocks, bonds, and mutual fund families), 28 different insurance companies (life, annuities, disability, etc.), and 1 online bank (all kinds of banking products).

Q.	How many years of experience do you have?
I have over 20 years of experience serving customers not only in the Charleston area, but all over the country.

Q.	What are your fees for this service?
Even though I can charge an hourly rate for my services, I choose not to. I will either be compensated by asset based, fee based, or by commission. As with most investments, I get paid out of the management fees you already pay for. An example of this would be mutual fund fees sutracted from your returns. Many consumers are not aware of this.

Q.	How many 401K rollover clients do you currently manage?
I currently manage over 170 clients that have allowed me to manage their rollover 401(k) plans. Most are transferred either to a brokerage account or an annuity of various sorts.

Q.	Why should I roll over my 401K plan to your firm?
Because I will act in YOUR best interest at all times. I will ensure you understand basics of your financial situation through education. You then are in position to make an educated decision with my guidance. I doesn't get more honest than that.

Q.	Do you provide a free initial consultation?
I wouldn't have it any other way. I'm coming in talking to you with actually zero credibility and need to gain your confidence. You will recieve my honest (and sometimes brutal) professional asessment and will get a feel for me to see if we can work together in the future. This costs you nothing but your time.